BRITAIN’S MONETARY POLICY.
(British Official Wireless.) Received Juno 18, 1.10 p.rr,. RUGBY, June 17. Recalling that the French Government had stated that it was not their policy to devalue the franc, and refusing therefore to reply to a House of Commons question on that hypothesis, the Chancellor of tho Exchequer took the opportunity to deal with what he described as a “misapprehension” current in some quarters. Mr Chamberlain said: “Our monetary policy has never been governed by any desire to obtain competitive trade advantages. The exchange equalisation account plays the part only of smoothing out unnecessary fluctuations.”
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Manawatu Standard, Volume LVI, Issue 170, 19 June 1936, Page 12
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97BRITAIN’S MONETARY POLICY. Manawatu Standard, Volume LVI, Issue 170, 19 June 1936, Page 12
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